This document provides instructions and transactions to record under a periodic and perpetual inventory system. It includes purchases and returns of merchandise on account, sales of merchandise on account and for cash, payment of accounts, and a purchase of a computer set. Learners are asked to prepare journal entries for each transaction under both a periodic and perpetual inventory system.
This document provides instructions and transactions to record under a periodic and perpetual inventory system. It includes purchases and returns of merchandise on account, sales of merchandise on account and for cash, payment of accounts, and a purchase of a computer set. Learners are asked to prepare journal entries for each transaction under both a periodic and perpetual inventory system.
This document provides instructions and transactions to record under a periodic and perpetual inventory system. It includes purchases and returns of merchandise on account, sales of merchandise on account and for cash, payment of accounts, and a purchase of a computer set. Learners are asked to prepare journal entries for each transaction under both a periodic and perpetual inventory system.
This document provides instructions and transactions to record under a periodic and perpetual inventory system. It includes purchases and returns of merchandise on account, sales of merchandise on account and for cash, payment of accounts, and a purchase of a computer set. Learners are asked to prepare journal entries for each transaction under both a periodic and perpetual inventory system.
